Common use of No Further Encumbrances Clause in Contracts

No Further Encumbrances. After the Effective Date, Seller shall not create or incur any mortgage, lien, pledge or other encumbrance affecting the Property other than the exceptions set forth on the title policies comprising part of the Delivered Records and Permitted Liens.

Appears in 2 contracts

Samples: Lease Agreement (Felcor Suite Hotels Inc), Lease Agreement (Itt Corp /Nv/)

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No Further Encumbrances. After the Effective Date, Seller shall not create create, incur or incur suffer to exist any mortgage, lien, pledge or other encumbrance affecting the Property or any portion thereof other than the exceptions set forth on the title policies comprising part of the Delivered Records and Permitted LiensExceptions.

Appears in 1 contract

Samples: Contract for Purchase and Sale (KSL Recreation Group Inc)

No Further Encumbrances. After the Effective Date, Seller shall not create or incur any mortgage, lien, pledge or other encumbrance affecting the Property other than the exceptions set forth on the title policies comprising part of the Delivered Records and Permitted LiensExceptions.

Appears in 1 contract

Samples: Contract for Purchase and Sale (PSH Master L P I)

No Further Encumbrances. After the Effective Date, ------------------------ Seller shall not create or incur any mortgage, lien, pledge or other encumbrance affecting the Property other than the exceptions set forth on the title policies report or title commitment comprising part of the Delivered Property Records and Permitted LiensLiens and Permitted Exceptions.

Appears in 1 contract

Samples: American General Hospitality Corp

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No Further Encumbrances. After the Effective Date, no ------------------------ Seller shall not create or incur any mortgage, lien, pledge or other encumbrance affecting the its Property other than the exceptions set forth on the title policies reports or title commitments comprising part of the Delivered Property Records and Permitted LiensLiens and Permitted Exceptions.

Appears in 1 contract

Samples: Contract for Purchase and Sale of Hotels (American General Hospitality Corp)

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